I am suggesting a **GBP/USD short (sell) position** from **1.3299**, targeting **1.3160**. Here's a quick breakdown of that idea from a technical and risk management perspective:
---
### 📊 **Trade Summary**
- **Pair**: GBP/USD
- **Position**: Sell
- **Entry**: 1.3299
- **Target**: 1.3160
- **Potential Profit**: 139 pips
---
### ⚠️ Key Considerations:
1. **Technical Analysis**:
- Are you basing this on a break of support, resistance rejection, or a larger trend (e.g., D1 or H4)?
- Any key indicators (RSI, MACD, moving averages) giving confirmation?
2. **Fundamentals**:
- Any upcoming UK or US economic data? (GDP, interest rate announcements, Fed or BoE speeches?)
- Market sentiment toward USD (safe haven) or GBP (risk currency)?
3. **Stop Loss**:
- Are you using one? Placing it above recent highs could protect you—e.g., SL at 1.3350 (risk of ~50 pips).
- Risk-to-reward ratio: approx. 1:2.8 (Good).
---
### 🛠 Example Trade Setup (MetaTrader Style)
| Type | Sell (Short) |
|------------|-------------------|
| Entry | 1.3299 |
| TP (Target)| 1.3160 |
| SL (Stop) | 1.3350 (example) |
| R:R | ~1:2.8 |
---
If you’re live trading this, be cautious of:
- **Volatility spikes** from news.
- **Support levels** near 1.3200 that could slow down the move.
- **Dollar strength/weakness** (watch the DXY).
---
### 📊 **Trade Summary**
- **Pair**: GBP/USD
- **Position**: Sell
- **Entry**: 1.3299
- **Target**: 1.3160
- **Potential Profit**: 139 pips
---
### ⚠️ Key Considerations:
1. **Technical Analysis**:
- Are you basing this on a break of support, resistance rejection, or a larger trend (e.g., D1 or H4)?
- Any key indicators (RSI, MACD, moving averages) giving confirmation?
2. **Fundamentals**:
- Any upcoming UK or US economic data? (GDP, interest rate announcements, Fed or BoE speeches?)
- Market sentiment toward USD (safe haven) or GBP (risk currency)?
3. **Stop Loss**:
- Are you using one? Placing it above recent highs could protect you—e.g., SL at 1.3350 (risk of ~50 pips).
- Risk-to-reward ratio: approx. 1:2.8 (Good).
---
### 🛠 Example Trade Setup (MetaTrader Style)
| Type | Sell (Short) |
|------------|-------------------|
| Entry | 1.3299 |
| TP (Target)| 1.3160 |
| SL (Stop) | 1.3350 (example) |
| R:R | ~1:2.8 |
---
If you’re live trading this, be cautious of:
- **Volatility spikes** from news.
- **Support levels** near 1.3200 that could slow down the move.
- **Dollar strength/weakness** (watch the DXY).
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
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Disclaimer
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📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.